Form 6765: Credit for Increasing Research Activities

Use Form 6765 to calculate and claim the Credit for Increasing Research Activities. This form may also be used to:

• Elect the reduced credit under Internal Revenue Code Section 280C.
• Elect to apply a portion of the credit as a payroll tax credit against the employer's share of Social Security tax, if eligible.

How do I enter information from Form 6765 in the program?

1. Select Federal from the main menu.
2. Go to Deductions (Select My Forms).
3. Choose Credits.
4. Select Credit for Increasing Research Activities.

What Is the Credit for Increasing Research Activities?

This tax credit is generally available to businesses that incur qualified research expenses while developing or improving products, processes, techniques, formulas, inventions, or software. Eligibility and calculation requirements can be complex, so be sure to have your supporting records available when completing Form 6765.